6 T2 Adjustment tax and accounting engagements in full — what the client came to us with, what we did, and what it was worth. Each one is specific to t2 adjustment work, not a general example.
Case Study 1 · Missed incentive claimed
$119,000 Credit Claim Filed And Accepted Without Adjustment — Taxpayer with Eight Years, Saskatoon
Client: A taxpayer with eight years of unfiled returns · Where: Saskatoon, Saskatchewan · Engagement: 3 weeks, fixed fee
Claim value$119,000
AcceptedWithout adjustment
RepeatableAnnually
The situation
A taxpayer with eight years of unfiled returns in Saskatoon, Saskatchewan assumed the credits did not apply to a business its size. A net-worth assessment built on unexplained deposits that were actually loan proceeds meant they had applied all along.
What we did
We identified the qualifying activity, built the documentation to support it, and assembled the contemporaneous records, filed a structured response to each proposed adjustment with the supporting documents indexed, and had the proposal withdrawn.
The result
$119,000 recovered. Because the eligibility analysis is on file, the same claim can be repeated each year with a fraction of the effort.
Case Study 2 · Records and systems rebuilt
Month-End Close Cut From 12 Weeks To 8 Days — Taxpayer with Frozen Bank, Barrie
Client: A taxpayer with frozen bank accounts · Where: Barrie, Ontario · Engagement: 3 weeks, fixed fee
Close time before12 weeks
Close time after8 days
Year-endReview, not rebuild
The situation
The accounting file at a taxpayer with frozen bank accounts in Barrie, Ontario was built on an objection deadline that had passed with no extension applied for. The year-end had taken 12 weeks each of the last three years.
What we did
We traced each unexplained deposit to its source — loans, transfers between accounts, an insurance settlement — and reduced the net-worth assessment accordingly and moved the reconciliations into the monthly cycle, so the year-end stopped being a rebuild.
The result
The file reconciles. Month-end closes in 8 days instead of 12 weeks, and the year-end is a review rather than a reconstruction.
Case Study 3 · Sale and succession
$480,000 Sheltered By The Lifetime Capital Gains Exemption — Corporation Under a GST/HST, Winnipeg
Client: A corporation under a GST/HST review · Where: Winnipeg, Manitoba · Engagement: 11 weeks, fixed fee
Gain sheltered$480,000
ClosingOn schedule
Share qualificationMet
The situation
A corporation under a GST/HST review in Winnipeg, Manitoba had an offer on the table and 32 months to close. The shares did not qualify for the capital gains exemption, and no valuation on file to support the price the parties had agreed was part of the reason.
What we did
We purified the corporation so the shares met the qualifying tests, then brought every outstanding return current, then negotiated a payment arrangement that stopped the collections action well ahead of the closing date.
The result
The sale closed on schedule with $480,000 sheltered by the lifetime capital gains exemption across the shareholders.
Case Study 4 · Cash and remittance control
Remittance Schedule Corrected, $147,000 Refunded — Family Business Under a, Red Deer
Client: A family business under a related-party review · Where: Red Deer, Alberta · Engagement: 6 weeks, fixed fee
Overpayment refunded$147,000
Late remittances sinceZero
ScheduleAutomated
The situation
Remittances at a family business under a related-party review in Red Deer, Alberta were consistently late by a few days, which was enough to trigger penalties every quarter. Behind it sat six years of unfiled corporate and personal returns and an active collections file.
What we did
We filed the disclosure through the Voluntary Disclosures Program before contact, which removed the gross-negligence penalty entirely, then moved the remittance dates into a scheduled process rather than a monthly decision.
The result
Penalties stopped from the following remittance onwards, and $147,000 of overpaid instalments was refunded.
Case Study 5 · Backlog brought current
$41,000 Of Arbitrary Assessments Vacated After 4 Years — Business Owner with a, Vancouver
Client: A business owner with a director liability assessment · Where: Vancouver, British Columbia · Engagement: 9 weeks, fixed fee
Arbitrary tax vacated$41,000
Years brought current4
Account statusCurrent
The situation
4 years of unfiled returns had turned into notional assessments at a business owner with a director liability assessment in Vancouver, British Columbia, with a net-worth assessment built on unexplained deposits that were actually loan proceeds underneath. Collections had already started.
What we did
We assembled the contemporaneous records, filed a structured response to each proposed adjustment with the supporting documents indexed, and had the proposal withdrawn, then filed every outstanding year in chronological order so the CRA could vacate the notional assessments cleanly.
The result
All 4 years were accepted as filed. $41,000 of arbitrarily assessed tax was vacated, collections action stopped, and the account is current for the first time in 4 years.
Case Study 6 · Planning that cut the bill
$49,000 Saved By Correcting What Prior Filings Had Missed — Importer Under a Customs, Burnaby
Client: An importer under a customs and GST audit · Where: Burnaby, British Columbia · Engagement: 7 weeks, fixed fee
Saving identified$49,000
RecurringYes
Positions documentedAll
The situation
An importer under a customs and GST audit in Burnaby, British Columbia asked for a second opinion on t2 adjustment after three years of rising tax. The review found a director liability assessment for a corporation that had already stopped operating.
What we did
We built the comparison first — current structure against two alternatives — and then traced each unexplained deposit to its source — loans, transfers between accounts, an insurance settlement — and reduced the net-worth assessment accordingly.
The result
First-year saving of $49,000, with the same benefit recurring. Every position taken is documented and supported in the file.
Reviewed for the 2025 tax year by Udit Gupta, Certified Tax Accountant. Figures describe representative engagements of this type; outcomes depend on your own facts. Client names and identifying details are omitted for confidentiality.
